On the subject of dodgy Mac bank here is an interesting article from today's SMH about a classic "pump and dump" where Macquarie Group faces a major class action over allegations some of its investment advisers artificially inflated the price of a small mining company before a sudden collapse wiped out many of its investors.
The investment bank's brokers are accused of deliberately "ramping" stock in the company by playing a key role in the acquisition of a Brazilian iron-ore mine project with a potential value of $34 billion that turned out to be a worthless patch of jungle. Hot copper even gets a mention. Sound familiar ?
Full story below.
http://www.smh.com.au/business/mark...worthless-brazilian-mine-20170619-gwu2m0.html
On the subject of dodgy Mac bank here is an interesting article...
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